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Caleb Company owns a machine that had cost $48,000 withaccumulated depreciation of $21,200. Caleb exchanges the machinefor a newer model that has a market value

Caleb Company owns a machine that had cost $48,000 withaccumulated depreciation of $21,200. Caleb exchanges the machinefor a newer model that has a market value of $58,000. Record theexchange assum 1 answer

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